Thrift-the quality of using money and other resources carefully and not wastefully.
The motivations of Savings and thrift is the subtitle of John Nash’s works Ideal Money. It becomes relevant when we consider the thesis of Saifedean Ammous that bitcoin will inspire and foster a period of lowered time preference…
Ideal Money, being a proposal based on a lesser money (aka asymptotically Ideal Money), was an idea extrapolated by daring to envision an ideal geopolitical and economic scenario for the world.
We can consider this definition of “ideal”:
…existing only in the imagination; desirable or perfect but not likely to become a reality.
It is daring in the Machiavellian sense-a type of thinking which traverses taboo lines of possibilities in order to holistically consider counter action.
Going forward there will be special people that dare to consider the “ideal” in their respective domains. Out of the generalisation and then specification of this approach we will extrapolate a magnitude of advance with regard to new technology.
In a seemingly immediate fashion.
To the Reader: This article is written to be read start to end with no need for the reader to trace the link’s and extra material reference.
That is the brevity of it. After words, when brevity hits, if there was clarity provided it might be enjoyable to then to…
I’ll cue this video for the moment Paul says that he doesn’t need context in order to know the implied definition of a word. The significance or summary is that Paul is claiming that words don’t need context in defense of my accusation that he is misinterpreting a passage wrong.
Its a semantic point in a sense but its also one of re-solution. We can understand that with the introduction of local versus non-local bounds (ie perspective) something can have a non-locally derived value.
This could be viewed as “intrinsic” value in the sense of the above debate in that…
With bitcoin, for quite some time, you will hear it said that it has no intrinsic value and therefore cannot compete with gold or a commodity based money. …
The best known form of money among the native Americans north of Mexico was wampum, made out of the shells of a type of clam. However its use was not confined to the coastal states but spread far inland, e.g. the powerful Iroquois amassed large quantities by way of tribute…
